Access Bank N15bn Green Bond rated ‘Aa-’ stable outlook by Agusto & Co.
Charles AbuedeMarch 10, 2022
BY: CHARLES ABUEDE Agusto & Co., Nigeria’s leading rating firm, has affirmed the ‘Aa-’ rating allocated to the N15 billion 5-year fixed rate Senior Unsecured Green Bond of Access Bank Plc with a stable outlook, the company disclosed in a rating release made available to Business A.M, in which it added that the rating expires […]
UBA delivers respectable toplines as revenue rises 6.9% to N658.3bn
Charles AbuedeMarch 10, 2022
BY: CHARLES ABUEDE United Bank of Africa, which prides itself as African global bank, saw its topline numbers come home respectfully in 2021 with gross earnings rising 6.9 percent year on year to N658.3 billion from N615.8 billion in 2020. The positive gross earnings were driven by driven by a solid 22.1 percent year on […]
Nigerian crypto exchange offers Busha Yield with interest on dollar stablecoins
Onome AmugeMarch 9, 2022
BY: ONOME AMUGE Busha, a crypto exchange in Nigeria, has introduced its new crypto savings feature named Busha Yield to enable customers earn up to 10 percent annual percentage yield (APY) or eight times the minimum rate for savings deposits with banks on dollar-equivalent stablecoins. With interest being paid out daily, supported by flexible redemption […]
Zenith Bank’s shareholders set for N2.80k dividend on N756bn earnings
Charles AbuedeMarch 3, 2022
BY: CHARLES ABUEDE Shareholders of Zenith Bank, the pioneer status symbol of Nigeria’s well regarded ‘new generation’ banks, are getting set to approve a final dividend payout of N2.80 per share, following boosts to the bank’s earnings from trading income, net fees and commission that helped to push the earnings of the Nigerian lender to […]
Allianz projects mild economic growth for Africa in 2022 outlook
Charles AbuedeFebruary 28, 2022
Says Nigeria, South Africa, Ghana, Kenya may tweak policy rates in 2022 pressured by inflation Africa’s economy, after recording mild growth in the year 2020 and the slowest in 2021, amid the coronavirus pandemic and slow rate of vaccinations, has been projected to grow mildly by 3.5 percent in 2022, again resulting from slow […]
Union Bank plans divestment from UK subsidiary to become fully Titan
Charles AbuedeFebruary 24, 2022
Union Bank of Nigeria, one of Nigeria’s oldest banks, has dropped hints of its plans to divest its entire shareholding in Union Bank UK, its United Kingdom subsidiary. This comes as the bank continues with its assets transfer process following its acquisition by Titan Trust Bank in December 2021, which many foresee will turn the […]
BUA Foods joins SSA big coys to drive 3.1% market cap surge to $116.43bn
Charles AbuedeFebruary 18, 2022
Rules Nigeria’s consumer goods sector ahead Nestle Nigeria, with N21.7bn in market cap 7 out of 14 SSA stock markets have positive US$ returns YTD BUA Foods, newly listed on the Nigerian local bourse, made an immediate entry and has been welcomed into the top 30 largest companies across sub-Saharan Africa (SSA, excluding South Africa) […]
CrowdForce secures $3.6m to expand financial inclusion across Nigeria
Onome AmugeFebruary 17, 2022
CrowdForce, a Nigerian fintech agent distribution platform, has raised a $3.6 million pre Series-A investment aimed at addressing challenges hindering financial services availability by deepening its financial service offerings to unbanked and underbanked communities. The equity and debt round was led by private equity firm, Aruwa Capital Management, with participation from HAVAÍC and AAIC. […]
BoI’s successful €700m public Eurobond issuance sees RMB as bookrunner
Charles AbuedeFebruary 16, 2022
The Bank of Industry (BOI) has set the pace in the international debt market as the first African national development finance institution (DFI) to issue a public Eurobond worth 700 million euros by way of the 144A/RegS Senior Note Participation Notes, irrevocably and unconditionally guaranteed by the Federal Government of Nigeria. The BoI said the […]
What should you look for in an online slots game?
Businessam StaffFebruary 16, 2022
Slot games are always the most popular choice in online casinos. However, new players might not be aware of the weight that slot games bring to the online casino industry. It is one of the most important games on the platform which is why players need to know what to look for when they want […]